Insider Selling: Timberland Bancorp (NASDAQ:TSBK) COO Sells $95,520.00 in Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Jonathan Fischer sold 2,000 shares of Timberland Bancorp stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $47.76, for a total transaction of $95,520.00. Following the sale, the chief operating officer owned 8,095 shares of the company’s stock, valued at $386,617.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Timberland Bancorp Price Performance

Shares of TSBK opened at $47.96 on Friday. The firm has a market capitalization of $373.13 million, a PE ratio of 12.11 and a beta of 0.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00. Timberland Bancorp, Inc. has a 1-year low of $32.34 and a 1-year high of $49.38. The company’s fifty day moving average price is $46.04 and its 200-day moving average price is $42.57.

Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter. The firm had revenue of $22.78 million for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%.

Timberland Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 12th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.30. Timberland Bancorp’s dividend payout ratio (DPR) is presently 30.30%.

Institutional Investors Weigh In On Timberland Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Timberland Bancorp during the 2nd quarter worth about $30,927,000. The Manufacturers Life Insurance Company acquired a new position in Timberland Bancorp in the 2nd quarter worth about $12,751,000. De Lisle Partners LLP acquired a new position in Timberland Bancorp in the 2nd quarter worth about $2,922,000. Westport Asset Management Inc. purchased a new position in Timberland Bancorp during the second quarter worth approximately $3,626,000. Finally, Hsbc Holdings PLC purchased a new position in Timberland Bancorp during the second quarter worth approximately $1,209,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

About Timberland Bancorp

Timberland Bancorp, Inc is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington.

Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.